The Campbell's Company (NYSE: CPB) is a packaged food and beverage company that manufactures and markets branded food products across two reportable segments: Meals & Beverages and Snacks. Revenue comes from selling branded products to retail and foodservice channels on a transactional basis. Campbell's traces its heritage to 1869 and incorporated under New Jersey law on November 23, 1922, with principal offices in Camden, New Jersey. The company completed the $2.899 billion acquisition of Sovos Brands on March 12, 2024, adding the Rao's brand to its portfolio. It also divested its Emerald nuts business (May 2023), Pop Secret popcorn business (August 2024), and noosa yoghurt business (February 2025). Net earnings attributable to The Campbell's Company were $602 million in FY2025 and $567 million in FY2024. As of September 10, 2025, the company held over 3,000 trademark registrations and applications in more than 150 countries. Fixed-rate debt stood at $6.583 billion as of August 3, 2025.

Revenue model

Transactional sales of branded packaged food and beverage products through retail grocery and foodservice channels. No subscription or licensing component is disclosed in the filing.

Products and services

Principal brands include Campbell's, Cape Cod, Chunky, Goldfish, Kettle Brand, Lance, Late July, Milano, Pace, Pacific Foods, Pepperidge Farm, Prego, Rao's, Snack Factory, Snyder's of Hanover, SpaghettiOs, Swanson, and V8. The Meals & Beverages segment covers soup, simple meals, and beverages in retail and foodservice. The Snacks segment covers branded snack products.

Customers and end markets

Retail grocery and foodservice customers in the North American market, as described in the FY2025 10-K. The filing does not disclose specific customer concentration percentages or named top customers.

Value-chain role

Branded consumer packaged goods manufacturer and marketer. The company owns manufacturing facilities, manages procurement of commodity inputs, and sells finished products to retail and foodservice distributors. It actively manages its brand portfolio through acquisitions and divestitures.

Geographic exposure

Primarily North American. Foreign currency exposure to the Canadian dollar and Euro is noted, with foreign exchange forward and option contracts carrying notional amounts of $596 million as of August 3, 2025.

Competitors

Private label product producers, Other branded food and beverage manufacturers

Source: SEC 10-K, filed 2025-09-18

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